*Here's an interesting read, important and verifiable
About 6 months ago, the writer was watching a news program
on oil and
One of the Forbes Bros. Was the guest. The host said to
Forbes, "I am going to
Ask you a direct question and I would like a direct answer;
how much oil
Does the U.S. Have in the ground?" Forbes did not miss a
beat, he said, "more
Than all the Middle East put together." Please read below.
The U. S. Geological Service issued a report in April 2008
Scientists and oil men knew was coming, but man was it big.
It was a
Revised report (hadn't been updated since 1995) on how much
oil was in
This area of the western 2/3 of North Dakota , western
South Dakota , and** **extreme eastern Montana .......
Check THIS out:* http://oilshalegas.com/bakkenshale.html
The Bakken is the largest domestic oil discovery since
Alaska 's Prudhoe
Bay, and has the potential to eliminate all American
dependence on foreign
Oil. The Energy Information Administration (EIA) estimates
it at 503 billion
Barrels. Even if just 10% of the oil is recoverable... At
$107 a barrel,
We're looking at a resource base worth more than $5..3 trillion.
"When I first briefed legislators on this, you could
Their jaws hit the floor. They had no idea.." says Terry
Johnson, the Montana
Legislature's financial analyst.
"This sizable find is now the highest-producing onshore oil
In the past 56 years," reports The Pittsburgh Post
Gazette. It's a
Formation known as the Williston Basin , but is more
commonly referred to as the
'Bakken.' It stretches from Northern Montana, through North
Into Canada .. For years, U. S. Oil exploration has been
considered a dead
End. Even the 'Big Oil' companies gave up searching for
major oil wells
Decades ago. However, a recent technological breakthrough
has opened up
The Bakken's massive reserves.... And we now have access of
up to 500
Billion barrels. And because this is light, sweet oil, those
billions of barrels
Will cost Americans just $16 PER BARREL!
That's enough crude to fully fuel the American economy for
Straight. And if THAT didn't throw you on the floor, then
this next one
Should - because it's from 2006!
U. S. Oil Discovery- Largest Reserve in the World
Stansberry Report Online - 4/20/2006
Hidden 1,000 feet beneath the surface of the Rocky
Mountains lies the
Largest untapped oil reserve in the world. It is more than 2
Barrels. On August 8, 2005 President Bush mandated its
Three and a half years of high oil prices none has been
extracted. With this
Motherload of oil why are we still fighting over off-shore
They reported this stunning news: We have more oil inside
Than all the other proven reserves on earth. Here are the
- 8-times as much oil as Saudi Arabia
- 18-times as much oil as Iraq
- 21-times as much oil as Kuwait
- 22-times as much oil as Iran
- 500-times as much oil as Yemen
- and it's all right here in the Western United States .
HOW can this BE? HOW can we NOT BE extracting this? Because the
Environmentalists and others have blocked all efforts to
Become independent of foreign oil! Again, we are letting a
small group of
People dictate our lives and our economy.....WHY?
James Bartis, lead researcher with the study says we've got
more oil in
This very compact area than the entire Middle East -more
than 2 TRILLION
Barrels untapped. That's more than all the proven oil
reserves of crude oil in
The world today, reports The Denver Post.
Don't think 'OPEC' will drop its price - even with this
It's all about the competitive marketplace, - it has to.
Think OPEC just
Might be funding the environmentalists?
Got your attention yet? Now, while you're thinking about it,
Pass this along. If you don't take a little time to do this,
Should stifle yourself the next time you complain about gas
prices - by
Doing NOTHING, you forfeit your right to complain.
Now I just wonder what would happen in this country if every
one of you
Sent this to every one in your address book.
By the way...this is all true. Check it out at the link below!!!
GOOGLE it, or follow this link. It will blow your mind._
Maybe just maybe the game is to drain the Middle East dry and then who would control the last great oil reserves in the world?
Food for thought.
Beyond Mad Max.
Maybe, but it sure could help bring the price of fuel down! What better way to boost the economy!
Just cheaper fuel could help get us out of the huge debt this counrty has. The way we are going the Chinese will own our oil soon!
That sounds logical at first Larry, but with several hundred years before the petroleum is not available for fuel (using known reserves at any reasonable forecast usage level) it would seem to be quite a long term strategy.
I can't believe any of our politicians are thinking beyond the 2012 election.
Also, you need to beware of people who call themselves "environmentalists". Most are simply shills working for politicians. Thay don't care about anything except money.
Right on Royce!
Use light, multi-viscosity, detergent motor oil containing plenty of zinc dialkyl dithiophosphate in your model T for longest life and best performance.
But, will we have enough ZDDP additive?
I hear ya loud and clear Seth,
Merry Christmas to you and yours, as well!
The more, the merrier, right Fred?
This is all good news for internal combustion engine fans, like us and our T's. But a nagging question creeps into my mind- take billions of gallons of oil and burn it steadily over years releasing all that carbon back into the air - does that sound healthy? For some reason the continued level of particulates in the air cannot be good for us. I am not a scientist, but even for my brain- something doesn't sound good here. Sorry to dampen the thread.
Particulates aren't a problem but all that carbon dioxide is.
Gasoline probably needs to cost well over $10 per gallon before the needless waste is significantly reduced.
The best way to get someone's attention is to grab their wallet.
This has been around a few years. If this email weren't politically motivated, it would go on to explain the difficulties and expense of extracting shale oil.
The Bakken Formation, initially described by geologist J.W. Nordquist in 1953, is a rock unit from the Late Devonian to Early Mississippian age occupying about 200,000 square miles (520,000 km2) of the subsurface of the Williston Basin, covering parts of Montana, North Dakota, and Saskatchewan. The formation is entirely in the subsurface, and has no surface outcrop.
Besides being a widespread prolific source rock for oil when thermally mature, there are also significant producible reserves of oil within the Bakken formation itself. Oil was first discovered within the Bakken in 1951, but efforts to produce it have historically met with difficulties. An April 2008 USGS report estimated the amount of technically recoverable oil within the Bakken Formation at 3.0 to 4.3 billion barrels (680,000,000 m3), with a mean of 3.65 billion....
That's a far cry from the non-peer reviewed 503 billion barrel estimate made in 1999, and quoted above.
Seems to me that most of the Bakken oilfield is right here under Southern Saskatchewan too .... I doubt we'll see lower priced fuel though .... we're paying nearly $5 per Canuck gallon as it is.
As we are talking about this, there are companies setting up to recover some of this oil reserve. I have a stock investment in one of the companies. I can't argue either way how much oil is down there or how hard it will be to get it out, but technologies changed and it is being processed to help our oil dependency.
There you go again- off topic.
Maybe you need to find another forum?
I doubt if many politicos can think past 2010.
If we stopped buying oil from the middle east there'd be stupid b4%^&&%s crying about the poor middle east A#$%^&s barely surviving off the oil money they get from Europe and Asia.
Look what they are doing with the cheap oil from Alaska- they are selling it to Japan!
Polititians are not there to help the U.S., they are there to drag it down.
Those reports about the oil in southern Canada and the Dakotas are old hat.
There will never be cheap gas. If gas gets cheap the sales tax per gallon will go down. Sales tax is on the total money paid for gas not on the gallon of gas.
If gas is $1 a gallon here we'd pay about 9 cents a gallon tax.
If it was $5 a gallon we'd have to pay 45 cents a gallon sales tax.
The Sacramento clan loves sales tax just as the scum bags running the governments in other states love sales tax.
The government makes far more profit on a gallon of gas than the oil companies.
I seem to be missing something, isn't the topic oil? It is T related because we all use gasoline and oil in our Ts right?